Carolyn J. Braden • 3 Minute Read
Renovate or Relocate? Making the Smart Choice for Your Family
Have you ever found yourself pondering whether to give your home a look or simply relocate to a place? Consider this: your home holds more than its walls and floors; it embodies the cherished moments of laughter, tears, and countless memories shared by your family. Choosing between renovating or moving transcends budget considerations; it revolves around what feels like the decision for you and your loved ones.
Consider your pet and their needs during a move
The Emotional Battle: Balancing Sentiment and Rationality
When you find yourself torn between the coziness of your existing home and the temptation of starting something, it's not just a matter of changing addresses. It becomes a voyage. On one side, you have the embrace of idiosyncrasies like that creaky floorboard. Yet, there's this tantalizing idea of starting fresh somewhere else. On the other side, there's the thrill of the possibility of having a larger living space or a more desirable location. It's a blend of attachment to the past and curiosity.
If you are considering a move, think about all the details now
Comparing Finances: Renovation Vs. Purchasing Home
When it comes to managing your finances on both renovating and buying a home, pack a punch. At a glance, renovating may seem like a cost friendly option but expenses can quickly add up. On the other hand, purchasing a home is a significant financial commitment that involves considering factors such as mortgages and moving costs. In summary, both approaches demand planning.
Make your next house your HOME
Before a move, consider doing a few minor improvements to modernize your space such as updating an old bowl sink. See how we did it in our home via our short video below or via our YouTube channel @carolynjbraden:
Home’s Potential: Relocate or Renovate?
Are you considering giving your home a facelift? Take a moment for you to contemplate this question, “should I remodel or renovate my home?”
Advantages
Cost Effective - It's often more budget friendly compared to buying a brand new property.
Personalization - Customize your living space according to your specific preferences.
Increased Property Value - Enhancements can potentially raise the market value of your home.
Familiarity - Keep the home that holds sentimental value and that you are already familiar with.
Energy Efficiency - Upgrade to sustainable and cost saving options.
Packing is not the most fun, but it can be worth it!
Disadvantages
Unexpected Expenses - Renovations can uncover hidden issues that require costly solutions.
Time Consuming - Projects may take longer than initially anticipated.
Disruptions - Living amidst construction can be stressful and inconvenient.
Constraints of Existing Structure - The current layout or building codes may limit changes or modifications.
Rise of Overcapitalization - There's a possibility of spending more on renovations than the value they add to your home.
After moving, give your boxes to kids to create with
Start of Something New: Is Moving the Solution?
Considering a move? It's definitely an exhilarating opportunity – discovering a neighborhood, meeting people and embarking on a fresh chapter. However, it's important to acknowledge that it won't be entirely effortless. The excitement of change brings along hurdles, such as planning and adjusting to unfamiliar surroundings. It's crucial to maintain a rounded perspective and arm yourself with advice for a seamless transition.
Home is truly where the heart is
Finding What Works With Your Family
It's time to make a decision on which option is the one for you and your family. It's not a matter of choice; it's about finding what aligns with your family's requirements and way of life. Take some time to weigh the advantages and disadvantages. In some cases, creating a list of pros and cons can help shed light on what each option truly entails for your family.
Well, here we find ourselves at the conclusion of our adventure. The key takeaway? Whether you're revitalizing your abode or beginning anew in a location, the ultimate goal is to establish a sanctuary that truly connects with your loved ones. Trust your intuition. Embrace the decision that uplifts the spirits and aspirations of your family. Because you see, a home is more than a space—it's an emotion. So, let's make it meaningful.
If you loved this article, we know you’ll love this one too: 3 Minor Kitchen Updates That Make a Major Impact
Carolyn J. (C.J.) Braden is a regular contributor and editor for Carolyn’s Blooming Creations. She has been featured in numerous media publications such as InStyle Magazine, on HGTV, on Bustle.com, and more. She is the author of the books Georgia McMasters in Amethyst Lake Cemetery, How To Be Yourself: 3 Ways To Help You Being You, and the illustrator for the children’s book Bridging Connections. She is a former classroom teacher that now dedicates her life to educating others on how to live their most healthy, creative and happy life. Learn more about her visiting our About Us page.
This is a collaborative post and may contain affiliate links. All opinions and ideas expressed in this post, however, are based on my personal point of view.